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WATT.O — NASDAQ Diversified Electrical Components

Energous Corp

$16,62
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Mcap
91,4M USD
P/E
—
EV / Rev
27,1x
Div yield
—
Op margin
-10 414,1 %
ROE
-92,2 %
Net margin
-10 310,9 %
Debt / equity
0,00
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About

Energous Corp develops and commercializes wireless charging technologies for consumer electronics and medical devices.

Business. Energous Corp (WATT.O) is an industrial goods company operating in the electrical components and equipment industry. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. The company generates revenue through the sale of products within the industrial goods sector. Specific operating segments and geographic breakdowns are not disclosed in the available data.

Classification99 %
SectorIndustrials
Industry groupDiversified Electrical Components
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target26,00

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
26,00
Consensus of sell-side coverage.
Upcoming events
  • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
See all catalysts →

At a glance

Score
—
not yet scored
Valuation
—
valuation pending
Analysts→
Buy
1 analysts · indicative
Ownership→
Raymond James & Associates, Inc.
largest disclosed fund holder
Profitability→
-92,2 %
return on equity
Quality
—
not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning WATT.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,3 %+6,6 %+1,7 %
    Communication Services+2,2 %−5,5 %+1,6 %
    Energy+0,6 %+3,3 %+0,0 %
    Health Care+0,6 %−0,8 %+0,0 %
    Information Technology+0,6 %+6,7 %+0,0 %
    Consumer Discretionary+0,4 %+7,6 %−0,2 %
    Financials−0,3 %−2,8 %−0,9 %
    Consumer Staples−0,4 %+2,5 %−1,0 %
    Real Estate−0,7 %+10,9 %−1,3 %
    Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %
    Utilities−1,9 %+28,2 %−2,5 %

    Developing storylines

    No tracked sagas currently linked to WATT.O. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Company
    • EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
    • Macro
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
    • Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
    • Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Synthesis

    Business

    Energous Corp (WATT.O) is an industrial goods company operating in the electrical components and equipment industry. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. The company generates revenue through the sale of products within the industrial goods sector. Specific operating segments and geographic breakdowns are not disclosed in the available data.

    Classification99 %
    SectorIndustrials
    Industry groupDiversified Electrical Components
    AI synthesis
    GENERATED

    Energous Corp has a highly levered capital structure with no long-term debt and a debt-to-equity ratio of 0.0, indicating a purely equity-funded balance sheet. The company holds $10.66 million in cash and equivalents, which represents 81% of total assets, and maintains a current ratio of 2.1, suggesting adequate short-term liquidity. However, negative operating cash flow of -$5.07 million and free cash flow of -$6.55 million indicate ongoing cash burn despite strong cash reserves.

    Profitability metrics are severely negative, with a return on equity of -92.22% and return on assets of -50.4%, far below the industry median for electrical equipment firms. Gross profit is negative at -$45 million, and operating income is -$6.67 million, reflecting significant cost overruns relative to revenue of $64 million. These results suggest operational inefficiencies or pricing pressures in the wireless charging market.

    The company's revenue is concentrated in a single business segment focused on wireless charging solutions, with no disclosed geographic diversification. This lack of segment or geographic diversification increases exposure to market-specific risks in the consumer electronics and medical device industries.

    Growth prospects appear constrained, with no revenue growth reported in the latest period. The company's market capitalization of $145.17 million is significantly higher than its enterprise value to revenue multiple of 2101.86x, suggesting a speculative valuation not supported by current earnings or cash flow. Analysts have assigned a mean price target of $26.00, matching the current market price of $26.39, indicating limited upside potential.

    Risk factors include the absence of long-term debt and the lack of dilution flags, but the company's negative operating cash flow and high price-to-book ratio of 20.29x raise concerns about sustainability. No dilution risk is currently identified, as shares outstanding remain unchanged between basic and diluted shares.

    Recent filings and transcripts show no material changes in business strategy or capital structure. The company continues to focus on commercializing its WattUp wireless charging platform, but has not disclosed new product launches or major customer contracts in the latest reporting period.

    Key takeaways
    • Energous Corp is a speculative play on wireless charging technology with no current profitability.
    • The company's valuation is disconnected from fundamentals, with a price-to-book ratio of 20.29x and negative operating cash flow.
    • No immediate liquidity or dilution risks are present, but operational losses persist.
    • Analysts see limited upside, with a mean price target equal to the current market price.
    • The business lacks geographic and product diversification, increasing exposure to market-specific risks.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 5

    Revenue surged 633.1% year-over-year to $5.63 million in fiscal 2026, signaling strong top-line growth momentum.

    The single analyst consensus price target of $26.00 implies 56.1% upside from the current market price of $16.66.

    Net losses improved by 47.9% year-over-year to $9.59 million in fiscal 2026, demonstrating progress toward profitability.

    Gross profit expanded significantly to $2.03 million in fiscal 2026, up from just $12,000 in the prior year.

    The company maintains a low dilution risk profile, suggesting existing shareholders face minimal immediate equity dilution pressure.

    BEAR CASE · 4

    Operating margin of -104.1% places the company in the bottom quartile among 600 electrical components peers.

    The company generated negative free cash flow of $9.54 million in fiscal 2026, indicating continued cash burn.

    Net margin of -103.1% remains in the bottom quartile relative to the 603-company cohort median of 3.76%.

    Interest coverage ratio is negative at -50.1, highlighting the company's inability to cover interest expenses with operating income.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-25
    Q4 2025 · Quarter highlights
    Open report →

    Revenue $3.0M, +610,3% YoY; Operating income +61,6% YoY.

    Revenue$3.0M+610,3 % YoY
    Operating income-$1.4M+61,6 % YoY
    Net income-$1.3M+67,9 % YoY
    Free cash flow-$1.3M+67,2 % YoY
    EPS—
    Operating cash flow-$12.4M+29,3 % YoY
    Financials
    Income statement
    Revenue$3.0M
    Gross profit$1.1M
    Operating income-$1.4M
    Net income-$1.3M
    Margins
    Gross margin37.5%
    Operating margin-47.1%
    Net margin-43.6%
    FCF margin-44.0%
    Balance sheet
    Total assets$16.7M
    Total liabilities$4.2M
    Total equity$12.5M
    Cash & equivalents$10.4M
    Long-term debt$88.0k
    Cash flow
    Operating cash flow-$12.4M
    CapEx-$82.0k
    Free cash flow-$1.3M
    SBC—
    P&L flow · revenue → net income
    Revenue $3.0MOperating costs $4.5MNet income $1.3M
    Highlights
    • ▍Revenue $3.0M, +610,3% YoY
    • ▍Operating income +61,6% YoY
    • ▍Net income +67,9% YoY
    • ▍Free cash flow +67,2% YoY
    • ▍Net margin -43.6%

    Valuation TTM

    Market price
    $16,62
    Market cap
    $145.2M
    Enterprise valueⓘ
    $134.5M
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    27.1x
    EV / Op incomeⓘ
    —
    EV / OCFⓘ
    —
    P / Bⓘ
    20.3x
    P / Tangible bookⓘ
    20.3x
    Tangible book
    $7.2M
    Net cashⓘ
    $10.7M
    Current ratioⓘ
    2.1
    Debt / equityⓘ
    0.0
    ROAⓘ
    -50.4%
    ROEⓘ
    -92.2%
    Cash conversionⓘ
    77.0%
    CapEx / revenueⓘ
    -1.6%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    INDUSTRYSEGMENTCOMPANYIndustrialsIndustryDiversified Electrical Components200,2B node revenueETN 13,7%JCI 11,8%WCC 11,8%CARR 10,9%TT 10,7%EMR 9,0%VRT 5,1%ROK 4,2%Other 23,0%
    Source: company disclosures · own-taxonomy revenue-covered setWATT 0,0% · rank #44 of 51

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    Peer comparison8 peers · vs WATT · multiples and returns
    ET
    ETN—
    Eaton Corp PLC
    $440,28
    171,4B USD
    P/E
    38,8x
    — vs self
    Div yield
    1,0 %
    — vs self
    ROE
    20,2 %
    +112,4 vs self
    JC
    JCI—
    Johnson Controls Internation
    $146,39
    89,9B USD
    P/E
    26,7x
    — vs self
    Div yield
    1,1 %
    — vs self
    ROE
    24,3 %
    +116,6 vs self
    WC
    WCC—
    Wesco International Inc
    $361,33
    17,9B USD
    P/E
    113,7x
    — vs self
    Div yield
    —
    — vs self
    ROE
    3,0 %
    +95,2 vs self
    CA
    CARR—
    Carrier Global Corp
    $63,17
    53,2B USD
    P/E
    37,2x
    — vs self
    Div yield
    1,1 %
    — vs self
    ROE
    10,8 %
    +103,0 vs self
    TT
    TT—
    Trane Technologies PLC
    $461,21
    102,8B USD
    P/E
    37,6x
    — vs self
    Div yield
    0,9 %
    — vs self
    ROE
    33,9 %
    +126,1 vs self
    EM
    EMR—
    Emerson Electric Co
    $154,85
    87,1B USD
    P/E
    33,8x
    — vs self
    Div yield
    1,5 %
    — vs self
    ROE
    11,3 %
    +103,5 vs self
    VR
    VRT—
    Vertiv Holdings Co
    $267,50
    105,0B USD
    P/E
    97,6x
    — vs self
    Div yield
    —
    — vs self
    ROE
    28,0 %
    +120,2 vs self
    RO
    ROK—
    Rockwell Automation Inc
    $478,84
    54,0B USD
    P/E
    61,3x
    — vs self
    Div yield
    1,1 %
    — vs self
    ROE
    24,7 %
    +116,9 vs self

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    -1,80
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    —
    no estimate
    Segment revenue
    —
    no estimate
    Margin
    —
    no estimate
    Segment margin
    —
    no estimate
    as of 2026-05-16 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPS—no estimate—no estimate-1,80
    Revenue—no estimate—no estimate15,4M USD
    Operating income—no estimate—no estimate-4,6M USD
    Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-08-04

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy1
    Buy0
    Hold0
    Sell0
    Strong sell0
    12-month price target$26,00 · Median $26,00
    Low $26,00High $26,00
    Operating income · consensus-4,6M USD
    EPS surprise
    −213,3 %
    reported vs consensus · miss
    Revenue surprise
    −63,6 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$26,00
    Mean$26,00
    Median$26,00
    High$26,00
    Spot$16,62
    +56.4 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin-10 414,1 %Bottom quartile
    Net Margin-10 310,9 %Bottom quartile
    ROE-92,2 %Bottom quartile
    Capex / Rev-1,6 %Below median
    D/E0,00Above median
    Cash Conv0,77Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Return On Equity
      net_income / total_equity
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    • Market Cap
      market_price * shares_outstanding_diluted
    • Ev To Revenue
      enterprise_value / revenue
    Source documents
    • Energous Corp Market data — financials · 2026-05-30
    • Energous Corp Market data — analyst estimates · 2026-05-30
    • Energous Corp Market data — ESG · 2026-05-30

    Ownership & reference

    Top holders

    • Raymond James & Associates, Inc.Brokerage Firms · as of 2026-03-310,00 %$2M
    • Geode Capital Management, L.L.C.Investment Managers · as of 2026-03-310,00 %$0M
    • UBS Financial Services, Inc.Investment Managers · as of 2026-03-310,00 %$0M
    • State Street Investment Management (US)Investment Managers · as of 2026-03-310,00 %$0M
    • Vanguard Capital Management, LLCInvestment Managers · as of 2025-12-310,00 %$0M
    • BlackRock Institutional Trust Company, N.A.Investment Managers · as of 2024-06-300,00 %$0M
    • Morgan Stanley Smith Barney LLCInvestment Managers · as of 2026-03-310,00 %$0M

    Insider activity

    Net buying2 buys · 0 sellsnet $100K6 insiders · last 365d
    • Burak Mallorie SaraDirector, CEO & CFO · Common StockBought 1 867 @ $26,47$49K · 2026-05-27
    • Burak Mallorie SaraDirector, CEO & CFO · Common StockOther 15 000 · 2026-01-12
    • DODSON J MICHAELDirector · Common StockOther 2 395 · 2026-01-12
    • Patel Rahul G.Director · Common StockOther 2 395 · 2026-01-12
    • ROBERSON DAVID EARLEDirector · Common StockOther 2 750 · 2026-01-12
    • Sadikoff GregoryChief Accounting Officer · Common StockOther 4 000 · 2026-01-12
    • Weinberg Peter MGeneral Counsel · Common StockOther 4 000 · 2026-01-12
    • Burak Mallorie SaraDirector, CEO & CFO · Common StockBought 6 400 @ $7,88$50K · 2025-08-21

    Short positioning

    738.2Kshares short+3.6% vs prior
    2.74days to cover
    83.4%short of daily vol
    3.4Kfails-to-deliver
    as of 2026-07-15 · short-interest report (free)

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    WATT.OCanonical
    NASDAQ · USD

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    • Net income (YoY) (2025-12-31 vs 2024-12-31): 47.9%Derived (calculated)
    • Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): 376.3%Derived (calculated)
    • Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 29.3%Derived (calculated)
    • EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 91.6%Derived (calculated)
    • Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -12.9%Derived (calculated)
    • Total assets (YoY) (2025-12-31 vs 2024-12-31): 341.2%Derived (calculated)
    • Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 1,260.4%Derived (calculated)
    • EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 91.6%Derived (calculated)
    • Gross profit (YoY) (2025-12-31 vs 2024-12-31): 16,808.3%Derived (calculated)
    • Return on equity (FY 2025-12-31): -76.8%Derived (calculated)
    • Return on assets (FY 2025-12-31): -57.3%Derived (calculated)
    • Current ratio (FY 2025-12-31): 4.19xDerived (calculated)
    • Debt-to-equity (FY 2025-12-31): 0.34xDerived (calculated)
    • R&D expense (YoY) (2025-12-31 vs 2024-12-31): -46.3%Derived (calculated)
    • Capex (YoY) (2025-12-31 vs 2024-12-31): -33.3%Derived (calculated)
    • Operating income (YoY) (2025-12-31 vs 2024-12-31): 45.6%Derived (calculated)
    • Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): 668.7%Derived (calculated)
    • Total operating expenses (annual): USD 12.04MSEC XBRL filing
    • Pre-tax income (annual): USD -9.59MSEC XBRL filing
    • EPS (diluted) (annual): USD-PER-SHARES -6SEC XBRL filing
    • Total liabilities (annual): USD 4.24MSEC XBRL filing
    • Cash & equivalents (annual): USD 10.4MSEC XBRL filing
    • Capex (annual): USD 82KSEC XBRL filing
    • Current assets (annual): USD 15.32MSEC XBRL filing
    Showing 24 of 60 surfaced claims.
    Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.

    The Thread

    Everything we know, in order
    2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
    2026-08-04 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-12FILINGFORM 8-K →
    2026-05-27 00:00 UTCINSIDER1 insider transaction — 2026-05
    2026-05-27INSIDERBurak Mallorie Sara bought 1.9k sh — Director, CEO & CFO ~$49k
    2026-05-14FILING10-Q filing →
    2026-05-13FILINGFORM 8-K →
    2026-04-29FILINGDEF 14A filing →
    2026-03-26FILING10-K filing →
    2026-03-25 07:00 UTCEARNINGSQuarterly results — Q4 2025 Revenue USD 3.0M · Net USD -1.3M
    2026-03-25 07:00 UTCEARNINGSAnnual results — FY 2026 Revenue USD 5.6M · Net USD -9.6M
    2026-03-25FILINGFORM 8-K →
    2026-01-16FILINGFORM 8-K →
    2026-01-13FILINGFORM 8-K →
    2026-01-12 00:00 UTCINSIDER6 insider transactions — 2026-01
    2026-01-12INSIDERBurak Mallorie Sara transacted 15.0k sh — Director, CEO & CFO
    2026-01-12INSIDERDODSON J MICHAEL transacted 2.4k sh — Director
    2026-01-12INSIDERPatel Rahul G. transacted 2.4k sh — Director
    2026-01-12INSIDERROBERSON DAVID EARLE transacted 2.8k sh — Director
    2026-01-12INSIDERSadikoff Gregory transacted 4.0k sh — Chief Accounting Officer
    2026-01-12INSIDERWeinberg Peter M transacted 4.0k sh — General Counsel
    2025-11-13FILING10-Q filing →
    2025-11-12 07:00 UTCEARNINGSQuarterly results — Q3 2025 Revenue USD 1.3M · Net USD -2.1M
    2025-11-12FILINGFORM 8-K →
    2025-10-15FILINGFORM 8-K →
    2025-09-11FILINGFORM 8-K →
    2025-08-21 00:00 UTCINSIDER1 insider transaction — 2025-08
    2025-08-21INSIDERBurak Mallorie Sara bought 6.4k sh — Director, CEO & CFO ~$50k
    2025-02-27 16:32 UTCEARNINGSQuarterly results — Q4 2024 Revenue USD 0.4M · Net USD -4.1M
    2025-02-27 16:32 UTCEARNINGSAnnual results — FY 2025 Revenue USD 0.8M · Net USD -18.4M
    2025-01-02 00:00 UTCINSIDER3 insider transactions — 2025-01
    2024-11-12 16:15 UTCEARNINGSQuarterly results — Q3 2024 Revenue USD 0.2M · Net USD -3.4M
    2024-10-16 00:00 UTCINSIDER1 insider transaction — 2024-10
    2024-08-08 16:08 UTCEARNINGSQuarterly results — Q2 2024 Revenue USD 0.0M · Net USD -4.3M
    2024-06-27 00:00 UTCINSIDER1 insider transaction — 2024-06
    2024-05-14 16:10 UTCEARNINGSQuarterly results — Q1 2024 Revenue USD 0.1M · Net USD -6.6M
    2024-04-05 00:00 UTCINSIDER1 insider transaction — 2024-04
    2024-03-28 16:11 UTCEARNINGSAnnual results — FY 2024 Revenue USD 0.5M · Net USD -19.4M
    2024-01-15 00:00 UTCINSIDER7 insider transactions — 2024-01
    Showing the 40 most recent of 42 entries.
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage